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Dec 6, 2012
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. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closu
. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles....
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Nov 17, 2012
11/12
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>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it reported. almost like someone took a knife and stuck it into the outside surprise party. talk about a party pooper. what are these titanium balloons? inappropriate balloon moment there. scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. if we want to improve science. our schools... ... what should we invest in? maybe ne
>> this week in the fiscal cliff. >> it's because of the fiscal cliff. >> going off the fiscal cliff. >> fiscal cliff. >> looming cliff. looming cliff, one of my favorites. >> you've been watching this week in the fiscal cliff. >> it's a surprise. that's why we are throwing our surprise party tonight. have i overdone this yet? fiscal cliff. we're having a birthday cake, surprise cake. it's one of those that has ice cream. cvs barely budged the day it...
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Dec 4, 2012
12/12
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fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis as a sign that either perhaps people didn't understand what awaits them -- no no! or that there might be a deal on the horizon to avoid the fiscal cliff, the fact that the republicans put out an offer, like their old offer before the president won re-election, it does feel like the two sides are talking, but they appear to be talking past each other. the clock is really ticking in washington. ticking against a deal. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a to
fiscal cliff buoyant because the fiscal cliff buoyant because the fiscal cliff is not that big of an issue. maybe that's why the averages once again refuse to drop dramatically, the dow falling 60 points. despite the obvious impasse i saw firsthand when i appeared on "meet the press" with david gregory this weekend, i know i've been interpreting the market's relative success through a difficult period. success is defined by no huge hammering like we had during the debt ceiling crisis...
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Dec 10, 2012
12/12
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>>> the clock is running out on the fiscal cliff. i'll talk to the former cabinet secretary who says going over the cliff is better than getting a bad deal. >>> the auto industry is back. what it's doing right in a soft economy? we'll find out what's driving profitability. >>> curtain's up on the billion dollar woman who made the lion roar, julie taymor. >> we never had a complaint about it. >> "the wall street journal report" begins right now. now, maria bartiromo. >> here's a look at what's making news. some surprisingly good news about america's economy. the labor department says 146,000 new jobs were created in the month of november. much better than economist's expectations. the unemployment rate dropped two tenth of a% at 7.7%. the labor department also says superstorm sandy had little effect on those numbers. >>> the markets continued their familiar pattern of following the latest word or words or hopes on fiscal cliff. no major moves during the week but several times the market ran out of steam to the end of the trading sessi
>>> the clock is running out on the fiscal cliff. i'll talk to the former cabinet secretary who says going over the cliff is better than getting a bad deal. >>> the auto industry is back. what it's doing right in a soft economy? we'll find out what's driving profitability. >>> curtain's up on the billion dollar woman who made the lion roar, julie taymor. >> we never had a complaint about it. >> "the wall street journal report" begins right now....
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Sep 15, 2012
09/12
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>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. >>> back to school season is very much upon us. that means before we answer your tweets and e-mails, you got to do some homework. so let's get at it. here is what i am handing in a little late. we took some time off. it's august 15th. todd from north carolina asked about us stonemor partners, stom. there are only two things certain in this country, death and taxes and stonemor is available i
>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for...
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Nov 27, 2012
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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Sep 14, 2012
09/12
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>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for itself. the next fashionista on our catwalk, it's gap. ♪ ♪ gucci, fendi >> phenomenal. how about nordstrom's. fourth, we've got urban outfitters. ♪ and our final fashionista, lululemon. ♪ [ laughter ] >> loved it, right? loved it. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll
>> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashion week is in full swing in new york city, i think this is the perfect time to circle back to some of the retailers that are really nailing it on the fashion side of the equation. ♪ michael kors. kors is almost too sexy for...
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Nov 27, 2012
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you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
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Dec 26, 2012
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Dec 13, 2012
12/12
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all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
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Sep 13, 2012
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and before you say, wait a second, jim, the fiscal cliff -- the fiscal cliff, the fiscal cliff is coming. oh! allow me to point out that housing's been down so long, it can bounce back from pure household formation which n't stop because of a fiscal cliff. the technology cycles trump washington spending cycles, and the soft goods sold overseas aren't going to be wrecked by spending issues. let me take a look at the largest holdings on my charitable trust to get real stock examples here. first large position, cvs, charlie, victor, sam, not cbs. it's a pharmacy chain. it's a noneconomic sensitive retailer taking it to the biggest competitor walgreen's because of the fight they got in with express scripps. because of those customers. next is apple. what can i say other than apple had a product announcement today and new phone cycle that i believe will drive the economy next year. and that's how meaningful the iphone is to apple's bottom line, 70%. 70% of the profits. others must believe that too as it surged ten points at the end of today's trading. third, jpmorgan, the turn of the business
and before you say, wait a second, jim, the fiscal cliff -- the fiscal cliff, the fiscal cliff is coming. oh! allow me to point out that housing's been down so long, it can bounce back from pure household formation which n't stop because of a fiscal cliff. the technology cycles trump washington spending cycles, and the soft goods sold overseas aren't going to be wrecked by spending issues. let me take a look at the largest holdings on my charitable trust to get real stock examples here. first...
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Nov 20, 2012
11/12
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cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly this issue of how much restraint we will be experiencing in the next six months to a year from fiscal changes. >> [ inaudible ] >> you talked about the uncertainty of businesses because of all of the things that you also mentioned and that's impacting decisions on investment, et cetera. how much growth is being lost because of that do you anticipate? >> well, it's neither here nor there, but when i was a graduate student at -- 30 years ago, i wrote my dissertation on the question of how uncertainty affects investment spending. and i concluded that it's not a good thing. [ laughter ] and they gave me a ph.d. for that. [ laughter ] so it seems pretty clear. one of
cliff, the largest fiscal cliff, which according to cbo and to our own analysis, would throw the economy into recession, i don't think the fed has the tools to offset that. and that's why it is important for congress to address these fiscal issues soon and in a bipartisan way, in a way that achieves the necessary long-term sustainability concerns, which i know you have talked about frequently, but also takes into account exactly this issue of how much restraint we will be experiencing in the...
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Nov 16, 2012
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you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the close and the company delivered spectacular results and was a true triple play. earnings came in $1.67, and revenues 5.9% year over year. when the street was looking for $4.25 billion. management's four-year guidance, substantially higher than the analysts expecting. those were fabulous numbers. no surprise that the stock shot up from $87.32, to nearly $90 in after hours trading. however, the next day amgen started to come back down, and since then, courtesy of the fiscal cliff, the stock is only going further downhill. it's down 6.3% from its highs after doing everything we wan
you know what, fiscal cliff, no fiscal cliff, we're still having an amgen party here. inappropriate balloon moment there. they make all kinds of drugs for many serious illnesses. it has seven products in development that are starting phase three clinical trials in the early part of next year. phase three means it's getting near fruition. amgen could double earnings per share over the next eight years. that is much better than a sharp stick in the retina. amgen reported on october 23rd after the...
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Dec 13, 2012
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. >> fiscal clip? >> cliff. >> oh. >> what is the fiscal cliff? >> i have no idea. >> all right, one month later, nearly everyone knows what it is. nearly. >> are you concerned about this so-called fiscal cliff? >> ah, no, i'm not actually. i think that they will fix it and i'm a positive person. >> i am not concerned about the fiscal cliff. >> how come? >> because right now i'm concerned about getting the right gift for my mom? >> i still have people and friends, very close friends, out of work, underemployed, so, i, yeah, of course i'm concerned about it, yeah. >> do you know what the fiscal cliff is, ashley? >> i do, but i don't know enough about it tos be concerned or have an opinion on it so i'd rather just worry about my christmas gifts. >> all right, she gave me an honest answer. bull regardless of knowledge, people are increasing their spending, everyone from piper afterree to the consumer federation said people are spending more this holiday and we are hearing from shoppers here that cliff or no cliff, they are most all telling me they th
. >> fiscal clip? >> cliff. >> oh. >> what is the fiscal cliff? >> i have no idea. >> all right, one month later, nearly everyone knows what it is. nearly. >> are you concerned about this so-called fiscal cliff? >> ah, no, i'm not actually. i think that they will fix it and i'm a positive person. >> i am not concerned about the fiscal cliff. >> how come? >> because right now i'm concerned about getting the right gift for my mom?...
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Nov 29, 2012
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Dec 12, 2012
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the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the ibex 35, up .3% in spain. there was an italian debt auction that went over well. that's helping sentiment. the owner of zara, one of the strongest retailers in europe, out with sales. you see that their shares are down. even though their nine-month sales figure was up 17% year on year, they said so far in the fourth quarter that figure was slowing to something in the range of 15%. so still a strong set of figures from inbitex. if you're concerned about the consumer, but not as strong as we have seen in the past. that's what's happening in spain. i want
the world ending or the fiscal cliff? >> about the same i think. >> one could bring about the other. >> i think it's no accident they're both approaching. that's how i'm going to read the tea leaves. as you see, a mixed picture this morning. people mostly waiting on the fed decision later today. the major boards green, the ftse adding .25%. the same for the xetera dax and idex. we saw the news of monti's resignation on monday. they've recovered from then. wanted to show the...
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Sep 18, 2012
09/12
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we call it fiscal cliff. that's when massive tax hikes and spending hikes go into effect january 1st. they're going to kick in unless a deal gets done. here's what richard fisher had to say about the impact this is having on the economy. >> the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slow down in china. these are important things. the real uncertainty stems from, where are my taxing going to be? what kind of spending patterns are going to come out of the federal government? how do i deal with this explosion of regulatory morass we have coming out of washington? >> we've heard it from ceos. we've heard it from business leaders and others about the uncertainty about the economy because of the fiscal cliff. we're pleased that joining us now is representative sandra levin, the long-time democrat from michigan. he's the ranking member on ways and means now. we invited one of your republican -- any of your republican colleagues to join us. none were availabl
we call it fiscal cliff. that's when massive tax hikes and spending hikes go into effect january 1st. they're going to kick in unless a deal gets done. here's what richard fisher had to say about the impact this is having on the economy. >> the reason we have so much uncertainty is not just uncertainty about europe and uncertainty about the slow down in china. these are important things. the real uncertainty stems from, where are my taxing going to be? what kind of spending patterns are...
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Dec 3, 2012
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more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken to our national defense budgets. >> let's go straight to the front lines of the issue. task specializes in systems, engineering and integrate. president and ceo david langstaff is with us, among the defense contractors speaking out today in washington. he joins me now on the telephone. sir, good to have on you the program. thanks for joining us. >> thank you. glad to be with you. >> what's the potential fallout for task if we go over the fiscal cliff. how would you navigate this? >> first, it's just terrible policy to go over the
more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken...
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Dec 14, 2012
12/12
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cliff. >> well, i don't think you can trade around the fiscal cliff. if you have cash and plenty of people have cash on the sidelines and you do get that sharp selloff because congress cannot avert the fiscal cliff and we fall over in the new year, take advantage of it and get into the market because it will be a terrific buying opportunity. >> should i be waiting though for the buying opportunity? in other words, we know capital gains taxes will be higher next year. should i be trying to get out of my winners and look for a market selloff to get back in? >> well, look, if you haven't taken gains this year, you should take more than you're normally accustomed to. i think that's a no-brainer, and if you want to -- if you want to wait for that buying opportunity, you're taking risk because if congress and the white house can get that settlement you're looking at a much higher market from here. >> okay. >> but, again, selloffs should not be a time to panic. it should be a time to commit capital, a great buying opportunity. >> that's what you're doing, han
cliff. >> well, i don't think you can trade around the fiscal cliff. if you have cash and plenty of people have cash on the sidelines and you do get that sharp selloff because congress cannot avert the fiscal cliff and we fall over in the new year, take advantage of it and get into the market because it will be a terrific buying opportunity. >> should i be waiting though for the buying opportunity? in other words, we know capital gains taxes will be higher next year. should i be...
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Nov 13, 2012
11/12
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cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the markets are going to take off and i think that -- from an outside perspective, things are undervalued if we do that. >> thanks, senator corker, terrific stuff. >>> in a health care summit two years ago when senator mccain challenged president obama on policy, obama offered this in response. >> let me just make this point, john. because we are not campaigning anymore. the election is over. >> all right. but the question is today is it the new obama? some worry about his fiscal and economic legacy. the legacy question. let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any presiden
cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the markets are going to take off and i think that -- from an outside perspective, things are undervalued if we do that. >> thanks, senator corker, terrific stuff. >>> in a health care summit...
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Nov 14, 2012
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fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago. >> he's 23 now. >> he's now happily, i'm thrilled to know this, recanted his statement. >> why is he recanting it? >> they put out a statement saying this office represented the 23-year-old man, he wants it to be known that his sexual relationship with mr. clash was an adult con sensual relationship. he will have no further comment on this matter. kevin clash puts out a statement saying -- >> so he was going to take some time off? is he now not going to take any time off? >> i assume he can go back to work. he should go back to work. great news? >>
fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago....
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Nov 19, 2012
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those aren't fiscal cliff stories. what are? what are fiscal cliff stories? how about the home improvement place? we can sit here and say that lowe's rallied today because of reported better than expected quarter this morning. you can argue that hurricane sandy to augment earnings for the next year as we're beginning to rebuild the coast. many of the hardest hit areas aren't even accessible to contractors let alone homeowners. however, i think that retail is the biggest winner if we hammer out a phased in group of spending cuts and tax increases. and the retailers that cater to making your home worth more of the players who will get the biggest share of those spare dollars? go back and listen to the home depot conference call. the theme is the cycle is just beginning. sbeerndi spending on your home is actually growing. go over the fiscal cliff, that nation trend would be snuff by dramatic tax increases. you have to bet that home depot shoppers revert to the ways that we saw several quarters ago. and i got to tell you something, it's not too late to buy the ho
those aren't fiscal cliff stories. what are? what are fiscal cliff stories? how about the home improvement place? we can sit here and say that lowe's rallied today because of reported better than expected quarter this morning. you can argue that hurricane sandy to augment earnings for the next year as we're beginning to rebuild the coast. many of the hardest hit areas aren't even accessible to contractors let alone homeowners. however, i think that retail is the biggest winner if we hammer out...
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Nov 26, 2012
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of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover because the bottom line is, even if we don't go over the fiscal cliff, we'll still have a very, very slow growth environment for a period of time. you have to hedge both sides. don't get too optimistic but don't escape from the market completely because you could miss a rally up. >> mary, this dominates trading, doesn't it, the discussion about fiscal cliff? how much is it driving averages on every given day? >> it does. if you read the notes, you talk to traders, it's one of the first things they talk about every day. any headline you se
of the fiscal cliff on the markets. why? >> first of all, i don't think we'll go over the cliff. i think it's a lower probability we will not rather than we will. here's where i think you need to position a portfolio strategy. i don't think the market is priced in if we go over the cliff. what you need to do is be in risk assets, if this makes sense, more defense risk assets. dividend payers, technology, even overseas, emerging markets. china looks like it's finally starting to recover...
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Dec 10, 2012
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fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest said, wholesale inventory number. you have to watch that, if you start to see a long-term trend where the companies are building inventories, that's something more ominous to the economy. the small business index coming out tomorrow. that, of course, should show a gradual increase in its pace. and the federal reserve is starting their meetings tomorrow, so, for wednesday, we're expecting an additional $40 billion every month of additional treasury purchases to take place on the operation twist. >> jennifer, 30 seconds. what do you see tomorrow? >> yeah, we
fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest...
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Nov 8, 2012
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it's the fiscal cliff over here. all those economies put together don't matter. >> no, joe, it's actually the fiscal of cliff over here, too. you'd be amazed how many times it's the first thing on everyone's lips. yesterday was one of the first times i've heard people both here and once the u.s. trading session got under way asking what is it in europe spurring the selloff because they couldn't make sense of it. so whether it was what draghi said yesterday about the weakening of the german economy or the vote in athens which is did pass, we saw the worst selling pressure in the u.s. did come from the european trading session. by the way, we did see after asian stocks follow the u.s. session, a bit of brightening of attitudes in europe. this is sort of where we started and then we paired the gains. risk went off for a time being on reports that spain may not request aid before the end of the year. spain was able to raise more funds than needed at auction and it is you now funded through the end of the year. so bizarre
it's the fiscal cliff over here. all those economies put together don't matter. >> no, joe, it's actually the fiscal of cliff over here, too. you'd be amazed how many times it's the first thing on everyone's lips. yesterday was one of the first times i've heard people both here and once the u.s. trading session got under way asking what is it in europe spurring the selloff because they couldn't make sense of it. so whether it was what draghi said yesterday about the weakening of the...
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Dec 31, 2012
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>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which is needed. and on taxes, and there is not a lot of sympathy, but if you are a boat maker, high-end hom
>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the...
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Dec 31, 2012
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as we said, we are about to go over the fiscal cliff. if a deal is not reached to avoid the fiscal cli by january 2nd, automatic domestic and military spending cuts will kick in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we were worried about $6 gallon of milk. it could keep a decades old subsidy from coming back to life. the usda would be forced to buy milk at prices well above what farmers were getting now if the subsidy was revived. it could double the price of moib to $6.12 a gallon. >> markets have been reacting to each move on capitol hill, but obviously, things at this point are looking like the dow would open down by about 7.5 points. the dow is off 67 points and the nasdaq is down 14.75 points. all the surprised given the late hour that -- >> even if something doesn't
as we said, we are about to go over the fiscal cliff. if a deal is not reached to avoid the fiscal cli by january 2nd, automatic domestic and military spending cuts will kick in and the pentagon will be forced to cut $9 million in spending. >> if lawmakers can't avoid the fiscal cliff, they may be able to avoid a different cliff, the dairy cliff. house and senate members appear likely to extend farm legislation for a year, a deal that would keep milk prices skyrocketing in january. we...
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Nov 19, 2012
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part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%. what went wrong? >> what happened is that the demand for the product went way down but they couldn't make the kind of concessions on costs meaning labor costs that they needed to. when the demand for your product is falling, you need to cut back. the labor unions weren't flexible to let them really do it. what we ended up with was a morass. if the unions had been more flexible, we could still buy twinkie gate. >> someone donated an autographed painting by salvador dali. instead of selling it on the floor. goodwill is auction is it off. bid something up over $18,000. >> i love anything with a melted clock and lot
part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%....
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Dec 28, 2012
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we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante, what do you think? anthony? >> it's very prudent to do that right now. i think you see the volumes on the exchanges. i know in crude oil it's about half of what it usually is. bonds, the same thing. a lot of people are staying on the sidelines. i think you have to be ready for when a deal is done and ready to jump back into the markets. >> here's the thing. i mean, when he says he's in nothing, he's not saying he's going short but anybody who's got a long portfolio and has to sell, it's the equivalent of going short, right? telling people to sell at this point is a
we're getting complacent about the fiscal cliff. people are for getting about just about everything. why not get out, take a look and re-evaluate. >> are you saying everybody go to cash? >>> you know what, obviously there's going to be a small mix of stocks, bonds, cash. you know what, why don't you keep your cash. what you could do for next year, maybe if we do get a selloff maybe you could find some great entry points in the beginning of next year. >> anthony grisante,...
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Dec 28, 2012
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dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] th
dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your...
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Dec 5, 2012
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Nov 29, 2012
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Oct 24, 2012
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i think what's going to bail them out now is the fiscal cliff. i think we go over the cliff and find resolution in january. then once congress and the white house finally come together and find a way to keep borrowing and spending and printed iing, we'r going to have a huge rush into risk assets. >> so it sounds like you want to be putting money to work here in this market. >> i do. i do. i want to be buying on the dips. i want to be buying risk assets on the dips. absolutely. >> greg, what now? i mean, is there anything left the fed can do at this point? we talk about how much is left in their arsenal to try and ward off. do you think they're going to step aside and hope the congress can do something with fiscal policy, or are there other initiatives you can see them doing down the road? >> i think that they throw their hands up in despair when they look at congress and the fiscal situation, as we all do. they've done a lot already, yeah. i think there is more they could do. first of all, they're going $40 billion a month of mortgage-backed secu
i think what's going to bail them out now is the fiscal cliff. i think we go over the cliff and find resolution in january. then once congress and the white house finally come together and find a way to keep borrowing and spending and printed iing, we'r going to have a huge rush into risk assets. >> so it sounds like you want to be putting money to work here in this market. >> i do. i do. i want to be buying on the dips. i want to be buying risk assets on the dips. absolutely....
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Dec 11, 2012
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we're asking for solutions to the fiscal cliff. joining me now is alan greenspan, former federal reserve chairman and now with greenspan associates. nice to have you back on the program. >> nice to be here. >> thanks so much for joining us. you have said there's no painless solution to the fiscal cliff here. what do you think the best possible outcome could be? >> the best possible outcome as far as i can see is to take something like simpso/bowles that came out originally and get the issue resolved. i've never seen anything like this. >> you've been around a long time and seen lots of parties fight. >> they always come to go. the difference now is that -- not that there are more differences than unusual. if you go back, there's a lot of data that suggests this is not unusual. what is unusual is the republicans don't speak to the democrats and vice versa? back then, i mean, not that far. >> they went to dipper and went to lunch and discussed issues. >> when i was in the white house, tip o'neill and jerry ford used to be at each oth
we're asking for solutions to the fiscal cliff. joining me now is alan greenspan, former federal reserve chairman and now with greenspan associates. nice to have you back on the program. >> nice to be here. >> thanks so much for joining us. you have said there's no painless solution to the fiscal cliff here. what do you think the best possible outcome could be? >> the best possible outcome as far as i can see is to take something like simpso/bowles that came out originally and...
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Dec 6, 2012
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we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing
we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it...
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Dec 10, 2012
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what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on out there. i don't have the inside information or anything. but it has to be done. it has to be fixed. and i assume it will be. and i often quote churchill. maybe even on your show once, bill. that said americans always do the right thing but only after they've tried everything else. so we've tried everything else. that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advoca
what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on...
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Nov 20, 2012
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cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he said that was probably new information and market moving. and you saw the market move from down 17 on the dow to down 70 on the dow industrials pchl. >> just like that. how worried should investors be? let's find out on today's "closing bell" exchange. steve, are we making too much of this? you know, we know what kind of tools they have available. we know that monetary policy is often at odds with fiscal policy, right? >> with due respect, bill and maria, i think you are making too much of it. he said it before. i don't think there's been any expectation that given the size of the gdp hit that would come from the fiscal cliff, i would be surprised if the market really th
cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he said that was probably new information and market moving. and...
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Dec 6, 2012
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fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be running for the hills or at least buying portfolio protection to protect themselves against potential disaster. we see the vix very low. they're not taking the type of defensive, decisive action. if we get a downgrade and if this happens, it will be terrible for the market. that's what's potentially on the market, if we don't make a deal in washington. >> scott, let me ask you again how you want to allocate capital then in that environment. i know george young is with us again, joining the conversation. i want to ask you the same question. go ahea
fiscal cliff and all of the other stuff. great story on the front page of wall street journal today talking about portfolio pumping. another example of investors thinking they're not getting a fair shake out of the stock market. >> larry, you call that complacency, don't you? >> that's right. i'm actually shocked that these investors appear to be asleep at the switch in light of the fiscal fiasco looming in less than a month. you would think investors saying their concerns would be...
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Dec 21, 2012
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on the fiscal cliff at this point. still. >> five days. >> you're not inclined to -- >> well, you know how i feel, though. i think it's crazy that here we are. they had 13 13 months to do this. now they have five days. these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >> because you think we're going to get a resolution? >> absolutely. >> what do you expect in terms of volume, in terms of this market? earlier, art cashin told us there were some stocks still to buy. >> it's a net imbalance to buy, but it's about $5 million in money rotation either side. but it's going to have an effect on every listed stock down here. expect a huge pop in volume that should add slightly to the bid on lifting this market late into the close. i would expect to see that. but, again, this is one of the days traders may live for. this is what traders live to s
on the fiscal cliff at this point. still. >> five days. >> you're not inclined to -- >> well, you know how i feel, though. i think it's crazy that here we are. they had 13 13 months to do this. now they have five days. these are all very important issues to america. >> ben, what do you make of this market? you're the hot handed trader right now. >> i'm still a buyer. you buy the dipts. if you want a protection, you had a great chance to buy the vix. >>...
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Nov 15, 2012
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and we've got this fiscal cliff, which will force action. i think they are pretty pitch saying the same thing. both of them are saying we have to have revenue. the president says, look, i want that revenue to be real. the only way i don't know fknow real for sure it to raise the tax rate. the speaker is saying there's a better way to do it. that's by reducing the spending in the tax code. i think he's probably willing to confine it to the top 2%. what we have to do is find that middle ground where we make sure so the president knows that we're going to get that money but we're going to get it in the most productive, economic way we can. >> the speaker's point is you don't want to be raising tax rates now at such a fragile time in the economy. we've already watched the stock market sell off, you know, 5% in the last week because of this uncertainty over where their tax rates are going. >> i am really worried that we won't get to a deal. i know we can get to a deal. i know how to get to the deal. we get there by taking some of the money from r
and we've got this fiscal cliff, which will force action. i think they are pretty pitch saying the same thing. both of them are saying we have to have revenue. the president says, look, i want that revenue to be real. the only way i don't know fknow real for sure it to raise the tax rate. the speaker is saying there's a better way to do it. that's by reducing the spending in the tax code. i think he's probably willing to confine it to the top 2%. what we have to do is find that middle ground...
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Nov 14, 2012
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this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all right. you running charles schwab with tens of thousands of investors, as a you just said. you've got to operate your business regardless of what's going on around you. talk to us how you're doing that. are you sitting on the sidelines in terms of pufting money to work, in terms of hiring? what are you going to do knowing you have no idea where your tax rates will be? you have no idea wlosht those spending programs are going to be taken away as well. that will create layoffs. >> yes. well, i think in our business we're been fortunate in that we'
this is why it's the fiscal cliff. they have to put a law in place so that this doesn't happen. >> the most important thing right now, maria, this is a time for leadership. leaders don't set ultimatums. leaders bring together different parties who may have their own ultimatums and find compromise. that's what we're all counting on from the white house. we're counting on that leadership to step forward, make a difference, bring the parties together, and find a compromise. >> all...
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Nov 12, 2012
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we talk about the fiscal cliff, but this is not a fiscal cliff that we're going to dive off of. these are baseline policies that congress has already agreed in order to deal with the fiscal situation. now they're very messy policies. we ideally would like a better mix of tax arrangements and spending arrangements but the fiscal cliff policies, the baseline policies as the cbo refers to them will at least result in an immediate reduction of the deficit by about 40% to o50% and a long-term reduction in the deficit of 75%. that's an ambitious starting point that congress has established, an ambitious baseline and we now have something to work with. even if we went over the fiscal cliff and didn't come up with something better in the way of a deal we would be left with debt-to-gdp higher than at any time since 1955. so there's a lot more work to do even after we fix this so-called fiscal cliff the first step. >> no argument over the long run you'll probably be in a better situation if you tackle the debt more aggressively early. just about every economist we talk to says if we go ov
we talk about the fiscal cliff, but this is not a fiscal cliff that we're going to dive off of. these are baseline policies that congress has already agreed in order to deal with the fiscal situation. now they're very messy policies. we ideally would like a better mix of tax arrangements and spending arrangements but the fiscal cliff policies, the baseline policies as the cbo refers to them will at least result in an immediate reduction of the deficit by about 40% to o50% and a long-term...
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Sep 29, 2012
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' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in new york asked about corrections corp of america. symbol cxw. largest owner of privatized prisons in the country. maximum to minute security prisons. i like they pay a .2% yield. they operate more than 65 prisons. more than 90,000 beds in 19 states. sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earni
' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in...
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Nov 12, 2012
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fiscal cliff. fiscal cliff. >> i don't know what to say. i don't know what to say. you mock me. >> i'm not mocking you. i'm mocking them. >> who is them? >> ceos. >> okay. i thought it was some broad international conspiracy including tri-lateral commission of the queen of england. >> just ceos who to your point are still very much undecided about making a big move. >> hold it. >> for a variety of reasons to be fair. it's that so-called uncertainty associated with things like the fiscal cliff no doubt about it. it's also the fact that making a big move in m & a typically if you're not rewarded perhaps where as if it goes well -- if it goes poorly you're going to lose your job. >> precision is the best in aerospa aerospace. you told me off camera they are really smart guys. the people who are stepping up tend to be smarter than the average bear. >> that may be the case. and in these kinds of environments where we see few details often those are the best deals. it's when everyone has confidence and equity markets are up and everyone is feeling great that they do stupi
fiscal cliff. fiscal cliff. >> i don't know what to say. i don't know what to say. you mock me. >> i'm not mocking you. i'm mocking them. >> who is them? >> ceos. >> okay. i thought it was some broad international conspiracy including tri-lateral commission of the queen of england. >> just ceos who to your point are still very much undecided about making a big move. >> hold it. >> for a variety of reasons to be fair. it's that so-called...
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Sep 28, 2012
09/12
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' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. they are both -- cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide because it's cool. e i? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. customer erin swensonfree bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups
' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. they are both -- cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide because it's cool. e i? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep,...
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Dec 26, 2012
12/12
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that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done really, really well. we have the president and ceo at bell rock capital and jeffrey hart. welcome back. >> cassandra, how did we get that wrong, those saying was not a good environment for about the banks, 2012, low interest rates, you know, the low loan dem
that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling,...